Rental Sector
Dail Éireann — 2026-06-25
============================================================

James Browne (FF), Wexford

Again, I thank the Deputy for his question. If you have a pure cost model, you will have very significant variations in what the cost-rental rent will actually be. We have taken the approach of trying to ensure consistency below market rent values. A 30% discount below market rent value is a significant deduction, albeit in circumstances where rent is high, which I acknowledge. However, if we decouple and go purely with a cost model, based on the cost of providing the apartments, we could have apartments beside each other that could have very different rents based on very different costings. In some cases, there could be a reduction in the discount. That would provide a level of inconsistency and a lack of equity in the approach. That is where we have taken the view and approach we have taken, setting the rent based on the market rather than the cost inputs.

---

Source: Houses of the Oireachtas. Licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). The Official Report is revised after first publication; the fetch timestamp below identifies the version quoted.

Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-06-25/debate/main
Retrieved: 2026-08-27T06:54:51+00:00
Sitting date: 2026-06-25